Hyperliquid, Multicoin back CFTC prediction market rules

The Hyperliquid Policy Center and Multicoin Capital have filed a joint comment supporting the Commodity Futures Trading Commission’s proposed prediction-market framework. Summary Hyperliquid Policy Center and Multicoin support clear federal standards for regulated prediction market contract reviews. They want settlement terms to determine whether contracts involve gaming, war, assassination, or restricted activities. The groups seek published reasoning whenever the CFTC approves or rejects reviewed event contracts publicly. The groups said written federal standards would help operators design event contracts and reduce policy swings between administrations. The filing arrived on July 27, the proposal’s comment deadline. The rule would explain how the CFTC reviews contracts tied to gaming, war, terrorism, assassination and conduct that violates federal or state law. Joint filing supports the CFTC proposal The CFTC proposed amendments to Regulation 40.11 in June after an earlier consultation. Its three-step test would ask whether a product is an event contract, whether it involves a listed activity and whether trading would conflict with the public interest. The plan does not ban eve...